The results showed that the capital of the UAE, Abu Dhabi, is the leading city in managing most of the capital of sovereign wealth funds in the world, thanks to assets worth $1.7 trillion managed by various sovereign wealth funds based in the capital of the UAE.
These bodies include the Abu Dhabi Investment Authority (ADIA), andMubadala Investment Company (MIC), and Abu Dhabi Developmental Holding Company (ADQ), and the Emirates Investment Authority (EIA).
Abu Dhabi now ranks slightly higher than Oslo, home to the world’s largest sovereign wealth fund, the government pension fund, which manages more than $1.6 trillion in assets, according to Global SWF.
After Abu Dhabi and Oslo, Beijing is home to the China Investment Corporation, Singapore (GIC Private and Temasek Holdings), Riyadh (home of the Public Investment Fund), and Hong Kong (where China’s second sovereign wealth fund, SAFE Investment Corporation, operates).
Together, these six cities represent two-thirds of the capital managed by sovereign wealth funds globally, or $12.5 trillion as of October 1, 2024.
Over the past few decades, Abu Dhabi has built a strong portfolio of institutional investors, who are among the largest and most active deal makers in the world.
In addition Sovereign wealth funds Its affiliate, the Emirate of Abu Dhabi, is home to many other asset owners, including central banks, pension funds, and family offices.
In total, Abu Dhabi’s public capital is estimated at $2.3 trillion and is expected to reach $3.4 trillion by 2030, according to Global SWF estimates.
Abu Dhabi, often referred to as the “capital of capital,” also leads when it comes to human capital, i.e. the number of employees employed by sovereign wealth funds in that region, with 3,107 employees working for funds based in the city.
